-PTI Oil PSUs, who had kept rates unchanged for nearly three weeks before Karnataka went to polls despite input cost spiking, reverted to daily revision in prices on Monday New Delhi: After a 19-day pre-Karnataka poll hiatus, petrol price was today hiked by 17 paise a litre and Diesel by 21 paise as PSU oil firms began passing on the spike witnessed in international rates to consumers. Petrol price in Delhi was hiked...
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Costlier fuel pushes up WPI inflation to 3.18 per cent in April
-PTI WPI inflation, which was on a declining trend since December 2017, accelerated in April due to an unfavourable base effect, a seasonal uptick in food prices as well as the pass through of rising global crude oil prices. New Delhi: Inflation based on wholesale prices touched a four-month high of 3.18 per cent in April on increasing prices of petrol and Diesel as well as fruits and vegetables. The Wholesale Price...
More »Price freeze: on high fuel prices
-The Hindu Abandoning the daily price revision of petrol and Diesel sets back an important reform The price of oil has been shooting up for weeks now, with Brent crude oil futures hitting their highest level in more than three years on Monday, at more than $75. But for two weeks now, the state-owned oil companies have kept petrol and Diesel prices unchanged. Since April 24, the oil companies have abandoned the...
More »Oil prices static before polls
-PTI New Delhi: A fortnight before Karnataka goes to polls, PSU oil firms have stopped revising petrol and Diesel prices although benchmark international rates have gone up by almost $2 per barrel. The daily price notification issued by oil firms showed that petrol and Diesel prices have been static since April 24. This is despite the benchmark international rate for petrol going up from $78.84 a barrel, which was cited for raising the...
More »Sales fall as people in metros start ditching cars -Pankaj Doval
-The Times of India NEW DELHI: Traffic jams, parking problems, app-based cabs, online shopping and fast-spreading metro networks have resulted in car sales starting to fall in big cities, something many hoped for but few expected to become a reality. City-specific numbers accessed by TOI from industry sources show car sales dropped 20 per cent in Mumbai in 2017-18—97,274 cars sold during the year versus 1.22 lakh in the previous year. Bangalore,...
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